[disclaimer] This is a REPLAY of a video I created Jan 1st a year or two ago about real estate investor goals… but it is a keeper, and combined with an audio I recently made about a real estate investing business plan, should launch your 2012 properly!
In this TGIF we’ll cover goals and a business plan, and how to create both.The video above teaches goal setting, and the audio below is about creating a business plan.
This audio if from our latest “Mogul Mastermind” Members only call. I felt I’d share it with the rest of the REIO family as a holiday gift…. part ONE is the introduction and beginning of our call, part TWO is about the business plan itself, and part THREE is the open “Q&A” we have at the end of EVERY one of our 3 monthly calls.
Without goals and a business plan it’s very hard to succeed. No matter if you’re a full-time investor, or you only want to do a deal or two this year to pay for a family vacation, you NEED goals and a plan. The goals give you a concrete target to attack, and the plan tells how you’ll get there. Both are equally important…
In addition, a business plan can help you convince private lenders to work with you, get you bank funding, and help define your day to day operations. Even the best business people get “off track” from time to time and need to shake out the cobwebs and re-evaluate. The business plan keeps you consistent and on the right track… while real estate investor goals keep your eye on the target, both consciously and subconsciously.
True goals need to be;
- Written Down
- Specific, not Vague
- Totally Believable
- Measurable
- Have a Deadline
And your business plan consists of these parts;
- Cover Page
- Table of Contents
- Executive Summary
- Overview
- Market Analysis
- Marketing Plan
- Operations/Implementation
- Financial Plan
- Assumptions
- Closing Statement
- Appendix
I hope you enjoy watching and listening to these as much as I enjoyed making them. More importantly, I hope you USE them to help your business grow and prosper in 2012.
Have a super holiday and a happy New Year! Your friend and fellow investor,
Nick Cifonie
PS- I found another site that has some great info about a real estate investing business plan too. After you listen to the audio above, you can see some samples of a written one and get some more tips by clicking here; REIBrain Biz Plan.
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